Stockholm (HedgeNordic) – Multi-strategy, multi-asset fund Tenoris One announced a fund management team change, as Henric Nordin is leaving his role as portfolio manager by the end of 2022. Tenoris One will continue to operate under the umbrella of AIFM Capital with a new management team.
December 30 will be the last day for Henric Nordin (pictured) as the responsible manager for the fund Tenoris One, announces AIFM Capital. “After the end of the year, the fund will be managed by a management team. We thank Henric for this time and wish him the best of luck on his continued journey.” Henric Nordin confirmed the decision to leave his role as portfolio manager for Tenoris One, saying that the fund will continue to be run by a new management team in the same shape and form under AIFM Capital.
“We thank Henric for this time and wish him the best of luck on his continued journey.”
Although the fund rules will remain unchanged, Tenoris One’s investment approach will likely shift away from Henric Nordin’s concept and way of investing. Co-launched by Nordin in late 2020, Tenoris One has been employing a multi-strategy, multi-asset approach to invest in a wide range of assets, including hard commodities, soft commodities, currencies, stock market indices, and individual stocks, among others. In addition to investing flexibly across different asset classes, Nordin has also been employing a multi-strategy approach across those asset classes.
“The main leg of the fund, perhaps in the range of 70 to 80 percent of its exposure, is based on a systematic strategy working with huge amounts of data to capture trends based on technical analysis indicators,” previously explained Nordin. He prioritized risk mitigation over return generation. “One cannot expect much of a return on any investment in the long run without focusing on risk mitigation,” said Nordin in early 2022. Tenoris One edged down about 7.0 percent in 2022 after booking a gain of 5.5 percent in 2021.
